Rare DD's banner
Rare DD's profile picture

Rare DD

@RareDealsHere3,353 subscribers

By robbing me of my trading days you've also hired me to expose you. $MMTLP Beware of imitations!

Videos

RareDealsHere's profile picture

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 The Metamaterials spin-off S-1 was made effective by the U.S. Securities and Exchange Commission. The S-1 was the governing document for the "corporate action". It layed out the precise steps/timeline for the 1-for-1 exchange after the close of business on 12/14/22 that was to result in the automatic cancellation of $MMTLP. This was a legally binding process that both the issuer and the market had to follow. Any deviation from this plan would be a serious breach of the approved "corporate action" outlined in the S-1. By FINRA's decision to delete the trading symbol early, effective 12/13 (zero hour), they acted outside of the issuer's SEC-effective plan. This action disrupted the planned process and caused significant market confusion and harm to investors. It forced brokerages to perform a reorganization or mandatory exchange on an altered timeline, which led to errors, the inability to settle trades, and financial losses for investors. (There was a mandatory exchange BEFORE the alleged 1-for-1 exchange took place, FINRA NEVER addressed this in their FAQs) Symbol deletion is a consequential step, not a discretionary one, in many corporate actions. For a 1-for-1 exchange where the original shares are cancelled, the symbol for those shares would naturally be deleted after the shares are no longer tradable. This was a technical step that followed the main corporate action. (☝🏾 FINRA and the SEC know that this is the correct procedure) The S-1 described the legal and financial aspects of the transaction (the exchange ratio, the cancellation of shares etc), while FINRA handled the technical and logistical aspects, like managing the trading symbols and CUSIPs. (NOT CHANGING OR INCORPORATING EXTRA DATES) Yet when you observe the 12/8/22 MMTLP Corporate Action, FINRA made "EARLY DELETION OF THE MMTLP TRADING SYMBOL" the MAIN COMPONENT, effective the zero hour of 12/13/22, 40 hours before the exchange set to take place after the close of business on 12/14/22. This was in direct conflict to FINRA's mandate to maintain fair and orderly markets. The outcome and the chaos these past (almost) 3 years is proof! How long can Paul Atkins ignore this? Hester Peirce The full video 🎥 linked below explains even more regulatory shortcomings 👇🏾

Rare DD

13,531 просмотров • 10 месяцев назад

RareDealsHere's profile picture

Why the U.S. Securities and Exchange Commission appears to be an even bigger culprit than FINRA in the $MMTLP Fiasco is... The SEC suspected that Brda and Palikaras were guilty of a scheme since at least September 2021. A scheme that according to the SEC, means that neither man should be able to run or presumably be involved with a publicly traded company if found guilty of the charges filed 3 years after the initial subpoenas. So if investors needed to be protected from Brda & Palikaras, how does the SEC justify allowing investors to invest in $MMAT & $MMTLP (TRCH also if the SEC suspected a scheme leading up to the reverse merger), and also making effective the S1 for the Next Bridge Hydrocarbons spin-off? How is it that the SEC has shared oversight of the Options Clearing Corporation (OCC), but they haven't lifted a finger to show the party(s) responsible for getting options started in TRCH directly before the reverse merger? Coincidentally, the SEC has oversight of FINRA, but the SEC hasn't formally addressed the many ways FINRA violated their Rule 6490 when processing the MMTLP Corporate Action, Nor have they lifted a finger to show the party(s) responsible for getting MMTLP tradeable. It's almost like the SEC tried to enact their own form of justice to punish Brda and Palikaras for the alleged scheme, but at the same time, investors were treated like justifiable casualties. This is only part 1 of 5, full video 🎥 linked in the quote post below. Paul Atkins Hester Peirce

Rare DD

10,801 просмотров • 11 месяцев назад

Больше нет контента для загрузки